A huge number of Britons of all ages have no savings at a time when prices are rising by levels not seen in 40 years, new research shows. Almost half of under 25s have no savings at all, according to research by MoneySupermarket. Nearly a quarter of over 65s were also found to have zero … Read more
NS&I boosts Premium Bond rates: Millions of savers will FINALLY see the odds of winning a monthly prize grow – after four Bank of England rate hikes NS&I will increase the Premium Bonds prize fund rate from 1 to 1.4% from June Odds of each £1 Bond number winning will go from 34,500 to 1 … Read more
Fixed rate savings hit a three-year high: You can now earn treble the interest of a year ago with six banks paying 2%-plus on 12-month deals Al-Rayan Bank leads the way paying savers 2.11% for a one-year fix Kent Reliance, Charter Savings Bank and Investec all paying 2.05% Gatehouse Bank and Cynergy Bank have also … Read more
Nearly HALF of all bank branches have shut since 2015 and this year has seen a huge acceleration of closures Some 4,735 bank branches shut down – or are about to – since 2015 That is 48% of the network of thousands of branches analysed by Which? In this year alone, 736 branches disappeared from … Read more
Pandemic-hardened Britons have seen their credit scores improve over the past two years with many having spent less, saved more and reduced their debts. The UK’s average credit score is on the rise, according to Experian, having increased from 776 in September 2019 to 797 in September this year. This was helped by the so-called ‘mortgage … Read more
I’m interested to know how the Family Building Society operates its Windfall Bond, as I’m considering making the £10,000 savings deposit required. I have read the ‘rules’ several times and do not fully understand them. It seems not all prizes are likely to be awarded every month, and that this depends on how ‘tickets’ are … Read more
A new challenger bank has launched a best buy savings rate of 2 per cent as fixed bond deals continue to inch higher. Recognise Bank was given the green-light to rake in deposits earlier in the week and is part of the City of London Investment Group. The account is a five-year fix and marks … Read more
Thousands of NS&I savers have been offered the chance to cash in their fixed-rate bonds early, penalty-free By Sylvia Morris For The Daily Mail Published: 19:03 EDT, 27 July 2021 | Updated: 19:03 EDT, 27 July 2021 Thousands of NS&I savers have been offered the chance to cash in their fixed-rate bonds early, penalty-free. Treasury-backed … Read more
With Olympics fever set to reach fever pitch in the coming weeks with the Tokyo games starting, it could be time to check those piggy banks for rare coins. In the run-up to the 2012 London Olympics, The Royal Mint launched a range of 50p coins to celebrate the diverse events of the games – … Read more
New easy-access best buy savings deal launched by Coventry Building Society: Will it help trigger competition from rivals? By Lee Boyce for Thisismoney.co.uk Published: 04:58 EDT, 23 July 2021 | Updated: 05:05 EDT, 23 July 2021 Coventry Building Society has launched a best buy easy-access savings account today paying 0.55 per cent. This rate nudges … Read more
High Street savings comeback: Building societies launch spate of better-paying branch-based accounts By Sylvia Morris For The Daily Mail Published: 17:01 EDT, 20 July 2021 | Updated: 17:45 EDT, 20 July 2021 Savers wary of running their accounts online have been given a glimmer of hope. Building societies have launched a spate of better-paying branch-based … Read more
Fixed rate savings deals are on average paying the highest returns seen since December 2020, suggesting they are heading in the right direction. Average fixed rates rose monthly for the first time since October 2020, according to Moneyfacts, while choice grew to the highest number seen this year. The average fixed-rate one year bond rose … Read more
Savers must act fast to cash in on rate rises as experts say they are unlikely to go any higher soon By Sylvia Morris For The Daily Mail Published: 22:00 BST, 13 July 2021 | Updated: 22:32 BST, 13 July 2021 Savings rate rises are coming thick and fast, with 300 recorded in little over … Read more